DON'T RUSH YOUR RETURN
Australia’s largest accounting body, CPA Australia, says one of the biggest and most common mistakes taxpayers will make this tax time is rushing to lodge their returns early.
Last year, about three million individual tax returns were lodged by July 23, soaring to 5.8 million by August 20, data from the ATO shows.
CPA Australia’s Tax Lead Jenny Wong is urging taxpayers to take time to gather their evidence of work-related expenses over the next few weeks and wait for the ATO . . .
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